Cost of Living & Prices:
Mexico vs. Panama
Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.
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Mexico CityTable of contents
Grocery
Mexico vs. Panama - grocery purchase prices. You would pay on average 1.04 times more for grocery shopping in Mexico than in Panama.
Apples (1kg)
One kilogram of apples costs 2.67 USD in Mexico and 3.04 USD in Panama. The price of this product is 12.2% lower in Mexico.
Banana (1kg)
1 kilogram of bananas costs 1.39 USD in Mexico and 1.27 USD in Panama. The price of this product is 8.6% lower in Panama.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 10.32 USD in Mexico and 8.12 USD in Panama. The price of this product is 21.3% lower in Panama.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 12.11 USD in Mexico and 9 USD in Panama. The price of this product is 25.7% lower in Panama.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 7.01 USD in Mexico and 6.78 USD in Panama. The price of this product is 3.3% lower in Panama.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 3.85 USD in Mexico and 5.78 USD in Panama. The price of this product is 33.4% lower in Mexico.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 1.52 USD in Mexico and 1.14 USD in Panama. The price of this product is 25% lower in Panama.
Eggs (regular) (12)
You will pay 2.13 USD for 12 eggs in Mexico and 2.14 USD in Panama. The price of this product is 0.5% lower in Mexico.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 2.84 USD in Mexico and 1.76 USD in Panama. The price of this product is 38% lower in Panama.
Johnnie Walker Red Label Whisky 0.7 Litre
A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 23.98 USD in Mexico and 22.54 USD in Panama. The price of this product is 6% lower in Panama.
Lettuce (1 head)
One head of lettuce costs 1.05 USD in Mexico and 1.9 USD in Panama. The price of this product is 44.7% lower in Mexico.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.11 USD in Mexico and 2.19 USD in Panama. The price of this product is 3.7% lower in Mexico.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 8.69 USD in Mexico and 9.73 USD in Panama. The price of this product is 10.7% lower in Mexico.
Milk (regular), (1 liter)
One liter of milk costs 1.43 USD in Mexico and 1.61 USD in Panama. The price of this product is 11.2% lower in Mexico.
Onion (1kg)
One kilogram of onions costs 1.59 USD in Mexico and 1.95 USD in Panama. The price of this product is 18.5% lower in Mexico.
Oranges (1kg)
One kilogram of oranges costs 1.55 USD in Mexico and 2.6 USD in Panama. The price of this product is 40.4% lower in Mexico.
Potato (1kg)
One kilogram of potatoes costs 1.71 USD in Mexico and 1.95 USD in Panama. The price of this product is 12.3% lower in Mexico.
Rice (white), (1kg)
One kilogram of white rice costs 1.52 USD in Mexico and 1.81 USD in Panama. The price of this product is 16% lower in Mexico.
Smirnoff Red Label Vodka 0.7 Litre
A 0.7 liter bottle of Smirnoff Red Label vodka costs 13.06 USD in Mexico and 9.82 USD in Panama. The price of this product is 24.8% lower in Panama.
Tomato (1kg)
One kilogram of tomatoes costs 1.68 USD in Mexico and 2.93 USD in Panama. The price of this product is 42.7% lower in Mexico.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 0.88 USD in Mexico and 1.5 USD in Panama. The price of this product is 41.3% lower in Mexico.
Restaurant
Mexico vs. Panama - expenses on meals in restaurants. You would pay 1.11 times less for meals in restaurants in Mexico than in Panama.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 2.91 USD in Mexico and 3.29 USD in Panama. The price of this product is 11.6% lower in Mexico.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.09 USD in Mexico and 1.52 USD in Panama. The price of this product is 28.3% lower in Mexico.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 2.75 USD in Mexico and 2 USD in Panama. The price of this product is 27.3% lower in Panama.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 4.07 USD in Mexico and 3.5 USD in Panama. The price of this product is 14% lower in Panama.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 7.07 USD in Mexico and 7 USD in Panama. The price of this product is 1% lower in Panama.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 41.82 USD in Mexico and 50 USD in Panama. The price of this product is 16.4% lower in Mexico.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 8.25 USD in Mexico and 8 USD in Panama. The price of this product is 3% lower in Panama.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 0.78 USD in Mexico and 1.19 USD in Panama. The price of this product is 34.5% lower in Mexico.
Fuel
Mexico vs. Panama - expenses related to fuel. You would pay 1.48 times more for fuel in Mexico than in Panama.
Diesel 1L
A liter of diesel costs 1.39 USD in Mexico and 0.91 USD in Panama. The price of this product is 34.5% lower in Panama.
Gasoline 1L
A liter of gasoline costs 1.4 USD in Mexico and 0.98 USD in Panama. The price of this product is 30% lower in Panama.
Transportation
Mexico vs. Panama - costs of transportation and public communication. You would pay 2.15 times less for transportation in Mexico than in Panama.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 16.75 USD in Mexico and 30 USD in Panama. The price of this product is 44.2% lower in Mexico.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 0.33 USD in Mexico and 0.35 USD in Panama. The price of this product is 5.7% lower in Mexico.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 6.6 USD in Mexico and 20 USD in Panama. The price of this product is 67% lower in Mexico.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 0.55 USD in Mexico and 2 USD in Panama. The price of this product is 72.5% lower in Mexico.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 1.1 USD in Mexico and 2 USD in Panama. The price of this product is 45% lower in Mexico.
Sports & entertainment
Mexico vs. Panama - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 4.95 USD in Mexico and 6 USD in Panama. The price of this product is 17.5% lower in Mexico.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 49.29 USD in Mexico and 46.09 USD in Panama. The price of this product is 6.5% lower in Panama.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 22.42 USD in Mexico and 27.31 USD in Panama. The price of this product is 17.9% lower in Mexico.
Flats for rent
Mexico vs. Panama - costs of renting an apartment. You would pay about 1.12 times more for renting an apartment in Mexico than in Panama.
Apartment (1 bedroom) in City Centre
For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 839.79 USD in Mexico and 777.64 USD in Panama. The price of this product is 7.4% lower in Panama.
Apartment (1 bedroom) Outside of Centre
For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 508.43 USD in Mexico and 458.86 USD in Panama. The price of this product is 9.7% lower in Panama.
Apartment (3 bedrooms) in City Centre
For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 1635 USD in Mexico and 1457 USD in Panama. The price of this product is 10.9% lower in Panama.
Apartment (3 bedrooms) Outside of Centre
For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 954.33 USD in Mexico and 830.76 USD in Panama. The price of this product is 12.9% lower in Panama.
Flats for sale
Mexico vs. Panama - costs of purchasing an apartment. You would pay 1.47 times more for buying an apartment in Mexico than in Panama.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 2889 USD in Mexico and 2039 USD in Panama. The price of this product is 29.4% lower in Panama.
Price per Square Meter to Buy Apartment Outside of Centre
For one square meter of an apartment outside the city center, you will pay 1883 USD in Mexico and 1211 USD in Panama. The price of this product is 35.7% lower in Panama.
Salary
Mexico vs. Panama - average salary. The average salary in Mexico is 1.04 times lower than in Panama.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 726.89 USD in Mexico and 757.34 USD in Panama. The average salary is 4% lower in Mexico.
Hotels
Mexico vs. Panama - prices of accommodation in hostels, guesthouses, and hotels.
One star
Two stars
Three stars
Four stars
Five stars
Average accommodation prices based on Expedia.com data • Update: 15 Jun 2024 (1 night stay for 2 people on 29 Jun 2024) • Mexico: 20 cities, 1566 hotels • Panama: 7 cities, 131 hotels